Capital Dynamics Enters into New Strategic Relationship with Tenaska

Transaction Comprises 24 Solar Projects Totaling 4,800 Megawatts in Midcontinent Independent System Operator and Southeast Reliability Council Markets

PVTIME - Capital Dynamics, an independent global private asset management firm, announced on July 8 that its Clean Energy Infrastructure business has signed an agreement with Tenaska to enter into a new strategic relationship, increasing its greenfield solar footprint in both the Midwest and Southeast United States.

The transaction comprises 24 solar projects located in the
Midcontinent Independent System Operator (MISO) and Southeast
Reliability Council (SERC) markets, totaling 4,800 megawatts (MW). The
portfolio represents a large share of solar projects currently in the
MISO and SERC interconnection pipelines and further diversifies Capital
Dynamics’ growing utility-scale solar power portfolio across seven new
states.

“We are pleased to enter into a new relationship with Tenaska in MISO
and SERC, less than two years after our first MISO transaction,” said
Benoit Allehaut, Managing Director in Capital Dynamics’ Clean Energy
Infrastructure business. “The Tenaska team has done an excellent job
overseeing a large portfolio of solar projects in attractive markets,
and has worked well with our team in the past. We believe it is
important to deliver competitive solar projects in regions where
customers are switching to renewables.”

Tenaska – through Tenaska Solar Ventures, the company’s solar
development services business – will work with Capital Dynamics to
commercialize the projects. “Tenaska has a record of success in
renewables, and we are pleased that Capital Dynamics continues to
recognize our team’s capabilities and sees the value we bring,” said
Steve Johnson, senior vice president in Tenaska’s Strategic Development
& Acquisition Group. “This transaction further strengthens the
relationship between our two companies.”

Tenaska, one of the leading independent power producers in the United
States, has developed approximately 10,500 MW of natural gas-fired and
renewables power projects, including two utility-scale solar projects in
Southern California in which Capital Dynamics is an investor. The
Omaha, Nebraska-based company has a robust renewables program that
includes advanced and mid-stage projects across the country.

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